Adirondack Foundation
Adirondack Foundation maintains robust asset growth and zero reported officer compensation.
EIN: 161535724 · Lake Placid, NY · NTEE: T310 · Updated: 2026-03-28
About Adirondack Foundation
Adirondack Foundation (EIN: 161535724) is a nonprofit organization based in Lake Placid, NY, classified under NTEE code T310. The organization reported total revenue of $27.4M and total assets of $117.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Adirondack Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Adirondack Foundation with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Adirondack Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is highly unusual for an organization of this size with assets exceeding $100 million and suggests either a volunteer leadership model or that compensation is reported under different categories, warranting further investigation for complete transparency.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Adirondack Foundation's IRS 990 filings:
- Unusually low (0%) reported officer compensation for an organization of this scale, which may obscure actual leadership costs if paid by a related entity or through non-officer roles.
Strengths
The following positive indicators were identified for Adirondack Foundation:
- Consistent and significant asset growth, indicating strong financial stewardship and long-term stability.
- Zero reported officer compensation across all filings, suggesting a strong commitment to directing funds to programs and potentially a volunteer-driven leadership model.
- Healthy financial position with revenue generally exceeding expenses, allowing for asset accumulation and program expansion.
- Long and consistent filing history (14 filings), demonstrating transparency and accountability over time.
Frequently Asked Questions about Adirondack Foundation
How does Adirondack Foundation manage to report 0% officer compensation given its size?
The consistent reporting of 0% officer compensation across all 14 filings is highly unusual for an organization with assets over $100 million. This could indicate that executive roles are filled by volunteers, or that compensation is paid by a related entity, or reported under a different expense category. Further detail would be needed to fully understand this structure.
What is the primary driver of the Adirondack Foundation's revenue fluctuations?
As a community foundation (NTEE T310), revenue often comes from contributions, grants, and investment income. Fluctuations, such as the jump from $9,291,443 in 202306 to $14,349,046 in 202406, could be due to large individual donations, successful fundraising campaigns, or strong investment returns in specific years.
Is the Adirondack Foundation's asset growth sustainable?
The foundation has shown consistent asset growth, from $40,496,011 in 201506 to $101,766,694 in 202406. This trend, coupled with generally positive net revenue (revenue exceeding expenses), suggests a sustainable growth trajectory, likely supported by ongoing contributions and investment management.
Filing History
IRS 990 filing history for Adirondack Foundation showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Adirondack Foundation's revenue has grown by 304.4%, moving from $3.5M to $14.3M. Total assets increased by 262.7% over the same period, from $28.1M to $101.8M. Total functional expenses rose by 453.6%, from $1.7M to $9.3M. In its most recent filing year (2024), Adirondack Foundation reported a surplus of $5.0M, with revenue exceeding expenses. The organization holds $27.0M in liabilities against $101.8M in assets (debt-to-asset ratio: 26.6%), resulting in net assets of $74.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2024 | $14.3M | $9.3M | $101.8M | $27.0M | — | View 990 |
| 2023 | $9.3M | $7.2M | $88.9M | $24.8M | — | — |
| 2022 | $18.0M | $7.6M | $81.3M | $23.7M | — | View 990 |
| 2021 | $17.6M | $6.5M | $90.7M | $28.9M | — | View 990 |
| 2020 | $10.1M | $5.6M | $67.1M | $23.0M | — | View 990 |
| 2019 | $6.2M | $3.8M | $64.4M | $23.5M | — | View 990 |
| 2018 | $7.7M | $3.3M | $62.5M | $22.8M | — | View 990 |
| 2017 | $5.8M | $2.7M | $54.7M | $21.7M | — | View 990 |
| 2016 | $4.3M | $2.7M | $46.2M | $19.5M | — | View 990 |
| 2015 | $4.1M | $2.7M | $40.5M | $13.9M | — | View 990 |
| 2014 | $5.1M | $2.7M | $40.1M | $13.8M | — | View 990 |
| 2013 | $5.3M | $2.5M | $34.4M | $12.3M | — | View 990 |
| 2012 | $6.4M | $2.9M | $30.8M | $11.5M | — | View 990 |
| 2011 | $3.5M | $1.7M | $28.1M | $11.7M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $14.3M, expenses of $9.3M, and assets of $101.8M (revenue +54.4% year-over-year).
- 2023: Revenue of $9.3M, expenses of $7.2M, and assets of $88.9M (revenue -48.4% year-over-year).
- 2022: Revenue of $18.0M, expenses of $7.6M, and assets of $81.3M (revenue +2.2% year-over-year).
- 2021: Revenue of $17.6M, expenses of $6.5M, and assets of $90.7M (revenue +74.2% year-over-year).
- 2020: Revenue of $10.1M, expenses of $5.6M, and assets of $67.1M (revenue +63.0% year-over-year).
- 2019: Revenue of $6.2M, expenses of $3.8M, and assets of $64.4M (revenue -19.7% year-over-year).
- 2018: Revenue of $7.7M, expenses of $3.3M, and assets of $62.5M (revenue +33.5% year-over-year).
- 2017: Revenue of $5.8M, expenses of $2.7M, and assets of $54.7M (revenue +33.7% year-over-year).
- 2016: Revenue of $4.3M, expenses of $2.7M, and assets of $46.2M (revenue +5.7% year-over-year).
- 2015: Revenue of $4.1M, expenses of $2.7M, and assets of $40.5M (revenue -19.7% year-over-year).
- 2014: Revenue of $5.1M, expenses of $2.7M, and assets of $40.1M (revenue -4.0% year-over-year).
- 2013: Revenue of $5.3M, expenses of $2.5M, and assets of $34.4M (revenue -16.9% year-over-year).
- 2012: Revenue of $6.4M, expenses of $2.9M, and assets of $30.8M (revenue +80.0% year-over-year).
- 2011: Revenue of $3.5M, expenses of $1.7M, and assets of $28.1M.
Data Sources and Methodology
This transparency report for Adirondack Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.